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NEW YORK, May 7, 2021 /PRNewswire/ The CRE Finance Council (CREFC), the industry association that exclusively represents the $4.8 trillion commercial and multifamily real estate finance industry, today announced the results of its First-Quarter 2021 CREFC Board of Governors (BOG) Sentiment Index Survey and Special COVID-19 Survey. The results indicate a continued strong upward surge in positive outlook for commercial and multifamily real estate finance, with 95% of the Board expecting the U.S. economy to perform better over the next 12 months, compared to 77% in Q4 2020.
(PRNewsfoto/CRE Finance Council)
CREFC s quarterly sentiment Index is derived from the Board s responses to 10 core questions on the state of the commercial real estate (CRE) finance market. The surge in the Q1 Index is attributed to positive responses to eight of the 10 questions, which have been posed to the Board each quarter beginning in the fourth quarter of 2017.
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